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Bahrain central bank extends loan repayment deferrals on Covid crisis

Bahrain central bank extends loan repayment deferrals on Covid crisis

The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies

Bahrain-Manama

The Central Bank of Bahrain asked banks and financing firms to defer loan repayments for an additional six months starting January, in a move aimed at helping borrowers hurt by the coronavirus crisis.

The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies, the central bank said in a circular issued to banks on Tuesday.

The only exception is amounts owed on credit cards and loans transferred to the court.

The bank will reassess the continuation of such measures in 2021.

Read: Bahrain to pay private sector salaries with $570m Covid-19 relief package

 

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